SECOND PART OF RAIA STORAGE PORTFOLIO SALE CLOSES

DENVILLE AND HILLSBOROUGH, N.J. — The second part of the Raia Self Storage Portfolio sale has closed. This portion of the transaction consists of two self-storage development sites located in Denville and Hillsborough that total approximately 168,000 square feet. Jeffrey Dunne of CB Richard Ellis’ (CBRE) New York Institutional Group and Steve Hryszko of CBRE’s Self Storage Advisory Group represented the seller, Raia Self Storage, and procured the buyer, Hampshire Cos., which made the acquisition through its Hampshire Fund VII. The first part of the transaction, which closed in late 2008, consisted of five existing self-storage facilities located in New Jersey and New York that total approximately 410,334 square feet. The facilities will operate under the Hampshire Self Storage Brand.